LOGCHAINS QUIZIZZ (COMMERCE DAY)

Definition of Procurement?

• Management control point where all significant purchases are monitored for the right authorization of the right item, at the right price, quality and quantity, from the right supplier at the right term and at the right time.

• Management control point where all significant purchases are monitored for the appropriate authorization of the correct item, at the correct price, quality, and quantity, from the correct supplier, at the right term, and at the right moment.

• The point of control in management where all major purchases are overseen to ensure the correct permission of the correct item, quantity, quality, price, supplier, timing, and terms.

• Management control point for all major purchases to ensure the proper item, price, quality, quantity, supplier, term, and time are authorized.

Examine FIVE (5) Procurement General Process/Procedures?

Evaluate responses using AI:

OFF

Computer to computer; Routing business data; Standards data formats; Business partner. This statement refer to key concept about EDI?

• True.

• False.

Expose the THREE (3) characteristics of Just in Time (JIT) concept in procurement process.

Evaluate responses using AI:

OFF

Fill second step in the Procurement Order Cycle Standard Procedure.

Fill third step in the Procurement Order Cycle Standard Procedure.

Fill sixth step in the Procurement Order Cycle Standard Procedure.

Fill seventh step in the Procurement Order Cycle Standard Procedure.

Identify the type of item?

Identify the type of item?